Luxury-Theater Operator iPic Prices; Trades Lower in Nasdaq Debut

Shares of luxury theater-and- restaurant operator iPic Entertainment (ticker: IPIC) priced at $18.50 a share to raise $15.1 million,the company said in a statement. Separately, the company raised an additional $2.5 million from larger motion- picture exhibitor Regal Entertainment Group (RGC), which previously invested $12 million last year. Shares of iPic fell 18% on their first day of trading.